diff --git a/lib/config.js b/lib/config.js
index f8df0a7..53497f1 100644
--- a/lib/config.js
+++ b/lib/config.js
@@ -111,8 +111,8 @@ function getserverurl() {
     return url;
 }
 
-var version = '0.4.6';
-var minimumCompatibleVersion = '0.4.5';
+var version = '0.5.0';
+var minimumCompatibleVersion = '0.5.0';
 var maintenance = true;
 var cwd = path.join(__dirname, '..');
 
diff --git a/package.json b/package.json
index 8e48d96..7fb035a 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "hackmd",
-  "version": "0.4.6",
+  "version": "0.5.0",
   "description": "Realtime collaborative markdown notes on all platforms.",
   "main": "app.js",
   "license": "MIT",
diff --git a/public/docs/release-notes.md b/public/docs/release-notes.md
index b0410ce..8c8e454 100755
--- a/public/docs/release-notes.md
+++ b/public/docs/release-notes.md
@@ -1,6 +1,35 @@
 Release Notes
 ===
 
+<i class="fa fa-tag"></i> 0.5.0 `Ristretto` <i class="fa fa-clock-o"></i> 2017-01-02 02:35
+---
+### Enhancements
+* Update year to 2017 (Happy New Year!)
+* Update to improve editor performance by debounce checkEditorScrollbar event
+* Refactor data processing to model definition
+* Update to remove null byte on editor changes
+* Update to remove null byte before saving to DB
+* Update to support Esperanto locale
+* Little improvements (typos, uppercase + accents, better case) for French locale
+* Update features.md publish button name and icon
+
+### Fixes
+* Fix authorship might losing update event because of throttling
+* Fix migration script of revision lacks of definition of primary key
+* Fix to not use diff_cleanupSemantic
+* Fix URL concatenation when uploading images to local filesystem
+* Fix js-url not import correctly
+* Fixed typo: anonmyous
+* Fix codemirror spell checker not considering abbreviation which contain apostrophe in word
+* Fix possible user is undefined in realtime events
+* Fix wrong package name reference in webpack config for bootstrap-validator
+* Fix email option in config not parse correctly
+* Fix mathjax not able to render issue
+
+### Removes
+- Remove LZString compression for data storage
+- Remove LZString compression for some socket.io event data
+
 <i class="fa fa-tag"></i> 0.4.6 `Melya` <i class="fa fa-clock-o"></i> 2016-12-19 17:20
 ---
 ### Features
diff --git a/public/js/common.js b/public/js/common.js
index 52839ca..f5bfc8e 100644
--- a/public/js/common.js
+++ b/public/js/common.js
@@ -12,7 +12,7 @@ window.serverurl = window.location.protocol + '//' + (domain ? domain : window.l
 var noteid = urlpath ? window.location.pathname.slice(urlpath.length + 1, window.location.pathname.length).split('/')[1] : window.location.pathname.split('/')[1];
 var noteurl = serverurl + '/' + noteid;
 
-var version = '0.4.6';
+var version = '0.5.0';
 
 var checkAuth = false;
 var profile = null;